Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$210,745$210,745$323,999
Remaining term (yrs)22.422.430.0
Secondary amount$0$113,254$0
Funding fee$0$0$0
Note rate4.460%4.460%7.400%
Blended rate5.310%6.250%7.640%
1st payment$1,237.93$1,237.93$2,243.30
2nd payment$0.00$755.03$0.00
Taxes / mo$281.17$281.17$281.17
Insurance / mo$150.00$150.00$150.00
MI / mo$173.87$173.87$64.80
HOA / mo$112.00$112.00$112.00
Total monthly$1,954.97$2,710.00$2,851.27
Cash to close$149,254$36,000$36,000